The company will use the fresh funds for working capital needs including for expansion into new markets, and for various marketing activities, according to Vinod Murali, managing partner, Alteria Capital.
Kumar Rangarajan, who sold Little Eye Labs to Facebook in 2014, has floated Slang Labs, which attempts to build software that can allow internet companies to accept voice commands from customers similar to Apple’s Siri.
Fireside’s debut fund drew investment from FMCG brands, including Unilever Ventures and ITC, and investors including Premji Invest and Westbridge Capital.
Avail Finance has raised a total of $17.2m so far, including debt and credit lines from multiple NBFCs and other investors.
Prime Venture closed its first fund in 2012 with a corpus of $8m and its second fund was closed in 2015 when it raised $46m.
The NBFC said it is in advanced talks with investors to raise an additional Rs150 crore in Series C funding.
Dailyhunt is now scaling up its offerings to include video, audio and GIF content.
Existing investors and high net worth individuals (HNIs) from Japan and Singapore participated in the round.
The proposed deal is one of the largest early-stage funding rounds into logistics start-ups.
Rival Zomato recently announced it’s raising $200 million from Alibaba-affiliate Ant Financial.